ARK CEO Cathie Wood told Yahoo Finance last month that the nature of the SEC discussions had changed and the odds of several applications being approved had gone up.
"My guess is that we'll have several ETFs approved at once, which will give investors the best opportunity to compare them," said Bryan Armour, ETF analyst at Morningstar.
Memos made public by the SEC show that executives from BlackRock, Grayscale, Invesco and 21 Shares, which is working with ARK, have met with SEC staff since September, together with their lawyers and executives from the exchanges where they hope to list the ETF. Other managers also told Reuters they met with SEC staff in that time. The BlackRock meeting memo includes a detailed description of the asset manager's revised redemptions mechanism.
The initiation of a bull market is undoubtedly contingent on the successful approval of the United States Bitcoin Spot ETF. ARKB, being one of the codes for a future Bitcoin Spot ETF approved by the U.S. SEC, a project led by Cathie Wood, is poised to receive widespread community acclaim with profound significance. BRC20's ARKB, an excellent counterpart, is destined to be a dark horse project capturing significant community attention. If you missed out on sats, don't let BRC20's ARKB slip through your fingers. On January 10, 2024, within the SEC's fourth decision round, ARKB is guaranteed approval because the saying goes, "third time's the charm," and it's improbable for a fourth delay or rejection.
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